CGNR Conroy gold MK 9 million shares in issue 43 million22 Jul 2022 09:29
I am surprised to see CGNR close to 19p.
Conroy Gold and Natural Resources PLC (“Conroy Gold”) is a gold exploration and development Company focused on Ireland and Finland.
The Company has discovered a new district scale gold trend in the Longford-Down Massif in Ireland. The trend which extends for 65km (40 miles) is located along a major geological structure, the Orlock Bridge Fault Zone, within the Longford-Down Massif.
The Company has entered into a Joint Venture partnership on an earn in basis with Demir Export A.S. over Conroy Gold’s Prospecting Licences in the Longford-Down Massif to further explore and develop the gold trend.
The primary focus of the Joint Venture Project (Project Inis) is the development of the gold deposit at Clontibret, County Monaghan, to construction ready status and bringing it into operation as a gold mine.
A number of other gold discoveries including Clay Lake, Glenish and Slieve Glah, with gold proven in bedrock, have been made by the Company along the trend. The parties’ further aim is to bring the other targets along the trend to construction ready status.
Demir Export is a long-established mining company with interests in iron, coal, gold and base metals, including zinc and copper in Turkey and has a strong in-house technical team with mining and exploration expertise. It brings over 60 years of mine operating experience to bear on the project and places a strong emphasis on the adoption of international environmental, health and safety management standards.
Conroy Gold is also involved in exploration for gold in Finland and elsewhere in Ireland. Both Ireland and Finland are mining friendly countries with established mining traditions and a favourable business climate.